For undergraduate-level
courses in Principles of Finance, Principles of Financial Management, or Principles of
Corporate Finance.
This unique author team -
one academic, one a full-time financial practitioner - presents the latest in financial
theory while maintaining a strong real-world connection. Engaging students with humor and
an attractive layout, the text is student-focused yet does not water down content. This
substantive and concise presentation demonstrates that finance is important, dynamic,
interesting, and fun, with a direct benefit to students personally. Its consistent
approach focuses on value: what creates value, what destroys it, how value is measured,
and how value and risk are related.
NEW - Web-based
Interactive Modules - Integrated in the text, these provide extensions of the material
presented in the text, such as interactive graphs, video material, and Excel spreadsheets,
as well as links.
Helps students interact with
material they are directed to on the Web in ways not possible on a printed page.
NEW - Revised and
reorganized Stock Bond Valuation Chapter - Now Chapter 12 (was Chapter 9 in 2/e)
reflects the rapidly advancing field of business appraisal. Techniques for valuing
complete businesses and individual assets have been added.
NEW - Real Options
coverage expanded. In Chapters 10 and 11, this expanded coverage now includes more
numerical examples related to abandonment and expansion options. Decision trees are also
described.
Gives students a real-world
context for understanding Real Options.
NEW - Author written
supplements.
Provides students with
accuracy and cohesiveness that flows throughout the book and package.
NEW - Prentice Hall's
Mastering Finance CD integrated with the text in 12 chapters - Includes
video clips and other material; CD is bundled with text.
Reinforces concepts in the
book.
NEW - Earlier
presentation of the cost of capital (to Chapter 9 from Chapter 12) - Precedes capital
budgeting and cash flow estimation chapters.
Increases students'
preparation for more challenging material that follows.
NEW - Over 50% of problem
material new or revised.
Helps students assess their
mastery of the subject.
NEW - Exclusive
interviews - With SEC chief accountant, Lynn Turner, talking about important issues
relating to Enron and Arthur Andersen.
Incorporation of Real
Options into capital budgeting material - One of the only texts in the market to
include a numeric application of this topic.
Gives students a real-world
context for understanding this important topic.
NPV approach applied to
short-term financial management decisions - Departs from competitors' ratio approach.
Gives students the most
up-to-date, highly regarded approach to learning this important concept.
Table of Contents
I. THE WORLD OF FINANCE.
1. Finance and the Firm.
2. Financial Markets and Interest Rates.
3. Financial Institutions.
II. ESSENTIAL CONCEPTS IN
FINANCE.
4. Review of Accounting.
5. Analysis of Financial Statements.
6. Forecasting and Financial Planning.
7. Risk and Return.
8. The Time Value of Money.
9. The Cost of Capital.
III. LONG-TERM FINANCIAL
MANAGEMENT DECISIONS.
10. Capital Budgeting
Decision Methods.
11. Estimating Incremental Cash Flows.
12. Business Valuation.
13. Capital Structure Basics.
14. Corporate Bonds, Preferred Stock, and Leasing.
15. Common Stock.
16. Dividend Policy.
IV. SHORT-TERM FINANCIAL
MANAGEMENT DECISIONS.
17. Working Capital
Policy.
18. Managing Cash.
19. Accounts Receivable and Inventory.
20. Short-Term Financing.
V. FINANCE IN THE GLOBAL
ECONOMY.
21. International
Finance.
Appendix.
Glossary.
Index.
613 pages